March 30 is a Saturday, March 29 is a closed holiday, and March 31 occurs on a Sunday.
On the final Sunday of this month, all Income Tax offices are to stay open, per a directive from the Union Finance Ministry. The government said that on March 29, 30, and 31; income tax offices would be open. March 30 is a Saturday, March 29 is a closed holiday, and March 31 occurs on a Sunday. This order was issued, according to the Central Board of Direct Taxes, to guarantee administrative convenience.
The deadline is March 31 for tax filers who choose the former tax system and wish to make an investment in a tax-saving tool for FY 2023–2024. To lower their tax obligation, they can pick among PPF, ELSS, term deposits, health insurance premiums, house loans, and school loans. For these taxpayers, the previous tax law provided deductions under Sections 80D, 80G, and 80CCD(1B).
If you are betting on PPF or the Sukanya Samriddhi Scheme (SSY), March 31 is also significant. The plans have annual minimum investment requirements of Rs. 500 and Rs. 250, respectively. If you don’t meet these requirements in a given fiscal year, your account may be flagged as defaulted and you may be subject to a penalty. To avoid punishment, you have till March 31 to complete this.
The long weekend will see no trading on the stock market. Since March 30 is a working day and the sixth Saturday, banks will be open on that day.
